During the course of the week, the total value locked (TVL) in Ethereum's decentralized finance (DeFi) sector decreased by 4.89%. With that, it fell to $44.26 billion. Concurrently, the Xai network saw a massive surge in transactions, up 10651.31 percent. Last week, the DeFi market fell, which was linked to a worldwide digital asset industry slump and a decrease in the Ethereum (ETH) rate, according to L2Beat, an analytical service.


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